Tuesday 31 May 2016
 
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Mining

Tourico Holidays launches new data mining initiative

Tourico Holidays, a global leader in wholesale travel brokerage, has formed an elite team of computer scientists dedicated exclusively to a new data mining effort that is intended to identify the origin and cause of shifts in travel booking beha

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Robots are coming for your jobs, warn experts

Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming. At the Milken Institute's Global Conferen

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Oman to offer pre-cleared mining blocks

Oman’s Public Authority for Mining (PAM) plans to offer ‘investment-ready’ mining concessions that will come bundled with all of the requisite government permits and clearances, a report said. The ‘Ready to

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Ma'aden begins commercial output at gold mine

Saudi Arabian Mining Company (Ma'aden) said on Sunday commercial output had begun at the Ad Duwayhi gold mine in western Saudi Arabia. The mine has an estimated average annual production capacity of 180,000 ounces over the lif

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Ma'aden reshuffles team, reaffirms cost-cutting focus

Saudi Arabian Mining Company (Ma'aden), which swung into the red at the end of last year after being hit by the slump in commodities, announced a new finance director on Wednesday and other management changes. The Gulf's b

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Iran offers mining riches, but investors cautious

Iran's rich deposits of zinc, copper, gold and other minerals are tempting international investors after the lifting of Western sanctions, but development of the sector will take time and problems will have to be overcome. A s

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MB Holding’s unit signs mining deal with Rwanda

A unit of Oman-based MB Holding Company has signed three large-scale mining agreements with the Rwandan government to undertake mining operations in Bisesero, Karongi District, of the southern African nation, a report said. Tri Me

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Saudi's Ma'aden swings to net loss in Q4

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, swung to a net loss in the fourth quarter on Wednesday due to lower product prices, missing the average forecast of analysts. Ma'aden made a net loss of

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Oman fund, others plan $260m mining venture

Oman's biggest sovereign wealth fund, the State General Reserve Fund (SGRF), plans to cooperate with other state and private investors to establish a venture to buy into the mining industry, officials said on Tuesday. The vent

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Oman fund, others plan $260m mining venture

Oman's biggest sovereign wealth fund, the State General Reserve Fund (SGRF), plans to cooperate with other state and private investors to establish a venture to buy into the mining industry, officials said on Tuesday. The vent

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